Abu Dhabi / WAM The United Arab Emirates can be a bridge between Central America and the Arabian Gulf, according to a senior Costa Rican official. In an exclusive interview with Emirates News Agency (WAM) at the Costa Rican Embassy in Abu Dhabi, Adriana Bolanos Argueta, Deputy Minister of Foreign Affairs and Worship of Costa Rica, also said that Mohamed ...
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Abu Dhabi’s Senaat plans to form steel, building materials giant
Abu Dhabi / Emirates Business General Holding Corporation (Senaat), part of ADQ and the sole shareholder of Emirates Steel Industries (Emirates Steel) announced on Sunday that it has submitted an offer to the Board of Arkan Building Materials Company (Arkan). The offer sets out the principal terms and conditions on which Senaat would transfer Emirates Steel, a leading integrated steel ...
Read More »UAE signs deal on ‘Abu Dhabi Declaration’ implementation
Abu Dhabi / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The Abu ...
Read More »Etisalat group issues 1 billion euro bonds
Abu Dhabi / WAM Etisalat group announced the successful completion of a bond issuance worth one billion euros to refinance the maturing bond tranche it had issued in 2014 for the acquisition of a controlling stake in Maroc Telecom. Etisalat group issued bonds in two tranches, the first is a 7-years tranche amounting to 500 million euros with an annual ...
Read More »Dana Gas profit up 41% to AED88 million in Q1 2021
SHARJAH / WAM Dana Gas on Sunday announced its financial results for the first quarter ended March 31. Net profit was up by 41 percent in Q1 2021 reaching AED88 million as compared to AED62 million in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq (KRI), ...
Read More »Emaar Malls net profit surges by 169% to AED318mn in Q1
Dubai / Emirates Business Emaar Malls recorded an increase in net profit by 169 percent to AED318 million during the first quarter (January to March) of 2021, compared to the net profit of AED118 million, during the last-quarter (October to December) of 2020. Revenue for the first three months of 2021 amounted to AED901 million. Emaar Mall’s e-commerce fashion and ...
Read More »Covid-19: Emirates launches India humanitarian airbridge
Dubai / Emirates Business Emirates has set up a humanitarian airbridge between Dubai and India to transport urgent medical and relief items, to support India in its fight to control the serious Covid-19 situation in the country. Emirates will offer cargo capacity free of charge on an “as available” basis on all of its flights to nine cities in India, ...
Read More »UAE reports 516,329 total recoveries from Covid-19
ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 203,147 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
Read More »Dana Gas net profit increases 41% to AED88mn in Q1 2021
SHARJAH / WAM Dana Gas on Sunday announced its financial results for the first quarter ended March 31. Net profit was up by 41 percent in Q1 2021 reaching $24 million (AED88 million) as compared to $17 million (AED62 million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan ...
Read More »UAE signs agreement on implementation of ‘Abu Dhabi Declaration’
ABU DHABI / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The agreement ...
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